Gold prices rose on Monday, hovering near an all-time high, fueled by a weaker U.S. dollar and growing expectations for Federal Reserve interest rate cuts later this year. Traders are currently pricing in a 90% chance of a Fed cut in October. This surge occurred despite weakening physical demand in China, while other Asian hubs saw steady buying.
Gold prices rose on Monday, hovering near an all-time high, fueled by a weaker U.S. dollar and growing expectations for Federal Reserve interest rate cuts later this year. Traders are currently pricing in a 90% chance of a Fed cut in October. This surge occurred despite weakening physical demand in China, while other Asian hubs saw steady buying. by Soban News (international And National News)